openPR Logo
Press release

With 5.9% CAGR, Utility Locator Market Growth to Surpass USD 1,109 million

10-04-2022 10:16 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The utility locator market is projected to grow from USD 833 million in 2022 to USD 1,109 million in 2027; it is expected to grow at a CAGR of 5.9% from 2022 to 2027. Increasing adaption of utility locator in water and sewage pipeline, oil & gas, telecommunication, transportation, electricity to overcome damages that incur high cost is driving the growth of the market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181874750

Artificial intelligence can be a ready solution to handle and process large amount of data in real-time and has demonstrated impactful effects in the utility locating market. AI provides the complete information about the condition of the infrastructure, power lines, and other utilities so that timely decisions can be taken by the decision makers. AI has enhanced the work of human being with its various tools and algorithms, and it will be the game changer in the utility locating market in the coming years. In September 2021, Guideline Geo (Sweden) introduced MALA Easy Locator Core, an AI enabled utility locating GPR solution. This offering enables user to interpret their data, in real time, by indicating and marking objects beneath the surface while measuring.

The ground penetrating radar(GPR) technique is expected to grow at highest CAGR between 2022 to 2027.

The GPR technique can non-destructively locate objects and subsurface structures in material like soil, rock, concrete, asphalt, wood and water. The GPR technique is used to locate buried pipes, tanks, manholes, cables, and other related buried objects, which cannot be located with electromagnetic locating or other methods. GPR has an advantage over other locating techniques as it helps in finding both non-metallic and metallic buried utilities. Radiodetection Ltd. (UK), Guideline Geo (Sweden), Ditch Witch(The Charles Machine works) (US), 3M (US) are some of the significant players that manufactures utility locators with GPR technology.

The market for utility locating services is expected to grow at a highest CAGR between 2022 and 2027.
Various services pertaining to utility locating equipment include rental, training, inspection, calibration, and maintenance and repair services. Concern for safety and protection of underground utilities and because of high cost of utility locator equipment drive demand for utility services. multiVIEW (Canada), Ground Penetrating Radar Systems (GPRS) (US), and USIC (US) are some leading service providers of utility locators.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=181874750

Growing infrastructure is creating opportunities for utility locator, infrastructure required maintenance operations by utility locator system. The growing infrastructure in most of the developing countries as well as the inspection and analysis of aging infrastructure in most of the developed countries like the US, the UK, and Canada rely on reliable quantitative data to make informed decisions pertaining to the condition of the infrastructure. The aging infrastructure and increasing need for their maintenance in regions such as North America and Western Europe act as a major opportunity for the growth of the utility locator market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release With 5.9% CAGR, Utility Locator Market Growth to Surpass USD 1,109 million here

News-ID: 2757129 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for GPR

Ground Penetrating Radar (GPR) Software Market - Major Technology Giants in Buzz …
Latest Study on Industrial Growth of Ground Penetrating Radar (GPR) Software Market 2022-2027. A detailed study accumulated to offer Latest insights about acute features of the Ground Penetrating Radar (GPR) Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study
Get The Best GPR Surveyors In The UK At KB GPR Surveys
KB GPR Surveys (https://kbgprsurveys.co.uk/) is a leading company of experienced GPR surveyors in the UK. They have several years of experience in the industry and are well-equipped to handle any project - big or small. With their wide range of services, everyone can guarantee to find the right survey results for their project. One of the most sought-after services KB GPR Surveys offers is utility mapping. This is because this
Get Top Surveyor Services at KB GPR Surveys!
KB GPR Surveys (https://www.kbgprsurveys.co.uk) is a team of professional GPR surveyors, offering reliable GPR surveys and consultation services to everyone. They deliver accurate and fast reports on any construction, investigation, or archaeological needs. This company conducts high standard of Ground Penetrating Radar (GPR) surveys for all kinds of applications. They use advanced and custom GPR systems to process data surveys to guarantee accuracy in reporting underground obstructions. Having been an
Get The Best GPR Survey Services At KB GPR Surveys Now!
KB GPR Surveys (https://www.kbgprsurveys.co.uk) a well-known team of professional GPR surveyors, offer one of the most comprehensive Ground Penetrating Radar (GPR) survey services across the UK. With their vast knowledge and experience in the industry, all of their clients are sure to get quality services from their firm. This agency specialises in a wide range of GPR survey applications, such as chimney flue location, underground void detection, concrete floor slab surveys,
Ground Penetrating Radar (GPR) Software Market May Set New Growth Story: Impulse …
Advance Market Analytics released the research report of Global Ground Penetrating Radar (GPR) Software Market, offers a detailed overview of the factors influencing the global business scope. Ground Penetrating Radar (GPR) Software Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Ground Penetrating Radar (GPR) Software
(GPR) Ground Penetrating Radar Market: Global Demand Analysis & Opportunity Outl …
Global (GPR) Ground Penetrating Radar Market report 2025 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry. The GPR is a geophysical technique used for reconfirming the presence of any buried underground utilities